Skanska developing new landmark in Copenhagen - investing SEK 650 M

Skanska developing new landmark in Copenhagen - investing SEK 650 M

Skanska is developing and constructing the new Havneholmen Tower office property
in central Copenhagen. The office project, comprising about 18,500 square
meters, is scheduled to be completed at midyear 2010. Skanska's investment
amounts to approximately SEK 650 M.

The 12-story Havneholmen Tower will be a new landmark in central Copenhagen. It
comprises two towers around a central atrium and is designed to facilitate many
users. In addition to the office premises, the property houses 150 parking
spaces under the building. Havneholmen Tower is designed by the Wingårdh
architect firm, which is also the main architect for the entire area. The
construction assignment is being carried out by E. Pihl og Søn A.S.

On Havneholmen, Skanska has previously developed housing and the Havneholmen
Atrium office project, which was recently completed and sold. Atrium comprises
12,500 square meters and is fully leased to such tenants as Handelsbanken and
BDO ScanRevision.
“The Tower property is centrally located and Havneholmen is a fantastically
exciting area that is a natural extension of our development of Kalvebod Brygge.
We are seeing a strong demand for modern and flexible offices premises in
central Copenhagen. Leasing negotiations are under way with many interested
tenants,” says Richard Hultin, President of Skanska Öresund.  

“The Havneholmen Tower will have a strong environmental profile. Energy
consumption will be 15-20 percent lower than the already stringent Danish energy
requirements. We also strive to use eco-labeled products to the greatest extent
possible and, in addition, our tenants will receive cost-free energy advisory
services and company bicycles,” says Hans Wallström, Environmental Officer
within Skanska Commercial Development Nordic Region.

Skanska Commercial Development Nordic initiates and develops property projects
within offices, logistics centers and retail warehouses. Office operations focus
on the three large metropolitan regions in Sweden, the Copenhagen region in
Denmark and Helsinki, Finland. The development of logistics centers and volume
retail properties is conducted in strategic locations in Sweden, Denmark and
Finland. Skanska Commercial Development Nordic Region is divided into three
regional companies: Gothenburg, Stockholm and Öresund.


For further information please contact:

Richard Hultin, President Skanska Öresund AB, 
tel +46 70-673 15 56
Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, 
tel +46 8 753 88 01


This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 60,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2007 totaled SEK 139 billion.